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Two drugs that are already on the market....oxycodone and naltrexone....both with proven efficacy, and I am supposed to believe our bead polymers make it so neither drug works? Fat chance, considering our P3 data.
Wrong... the 5 mil is accounted for. Just because it isn't how you would do it, doesn't make it wrong.
I agree about the .0018 - .0022 range as resistance lvl 2. But the next level of resistance I have mapped after that is .0033, so I don't know about clear sailing, but definitely the potential for a triple from the current pps.
I second that. I just figured today would have a little more action with the golden cross occurring. Actually quite puzzling to say the least. I know they need shares to run it up, so may be delayed 'till Monday as you said. GLTA
Golden Cross 50 and 200 day SMA, my friend...means we are golden
They have held true the past 3 times I have posted about a chart related move on this stock. Hopefully I go 4/4 ;)
You as well my friend
IMO Tomorrow we sail past .002!
Golden Cross of the 50 day SMA and 200 day SMA is upon us. Tomorrow opening bell should mark the cross. And for all those pondering what a golden cross is....it is when the smaller period value moving average crosses to the upside of the longer period moving average,indicating a very bullish market. Often ends up with a huge swing upward in PPS.
Tomorrow we sail. GO SPCL/Pixel
IMO look for a paint down EOD or a gap and trap tomorrow, so they can load again in the morning before the Golden Cross. Either way, MM's didn't get to load enough so they are holding it in this range until they are able to do so.
Agree wholeheartedly
Renewed my share count at .0007, glad I waited for it to come back down to the support level. Now to wait for the Golden Cross of the 50 day SMA and the 200 Day SMA. That should give us a really nice pop in the stock price. It is coming very soon, as they are within .0001 of each other now.
MM's just playing games. Watch the level 2 trades. 82k paint to 9 to try to get more people to buy up shares. They need to load more in the .0006-7 range before she goes back up.
IMO
I wouldn't be chasing right now. Just be patient and let it come to your bid.
Exactly Good sir
Waiting to get filled at .0006. Quad bottom then back up during power hour.
Now that is a disaster, unlike what ELTP has to correct.
I myself have worked for one CRO and one BP, but you have been in the game far longer.
Even if no PR or GOLDEN CROSS, we will have dead cat bounce..... far too many knew about this for no dead cat bounce.
See my previous post to your cup and handle response.
Yes sir, concur wholeheartedly .
I see that, but the base of the cup was only 5 maybe 6 weeks long. Isn't that borderline too low, or the minimum the cup base has to be for it to be considered that pattern? That's the only reason why I though the longer time frame holds better. Plus is would be nice to sail right above the 97 cents we hit before.
Also, considering your model....what is your price target? Cup and handles usually break the old high of the beginning of the cup. So, what are we looking at maybe 50 cents?
Scotty,
I sold some at .0007, and then the rest at .0016. I called the two breakout moves, at both levels, AND I called that we would be back to the .0007-.0008 range within a day or two. That is why I sold the remaining at .0016. Everyone was calling me dumb on this board, but look who's come out on top of all this. Me, DoctaPharm.
Debating buying more, at the day low as I only picked up a few hundred thousand at .0008, as the 50 day SMA and 200 day SMA are about to cross.
IMO
Even without news the golden cross is about to occur if these levels hold another day. Risk Vs Reward, the balancing act I am trying to perfect at the moment.
Are you saying the most recent trend was a cup and handle? Or from the huge rise to 97 cents, to now, as the cup and handle. I think the latter is more likely.
@couch,
Don't know if anyone has mentioned it . But there is this, on elites website under their generic pipeline....Looks like we have one we do not know about yet, already pending?
Undisclosed Generic Undisclosed Undisclosed Pending FDA Approval
@snup
I like the info you pulled from their home page....
Elite also provides contract manufacturing for Ascend Laboratories (a subsidiary of Alkem Laboratories Ltd.) and has partnered with Epic Pharma for the manufacturing and distribution of eleven approved products pending manufacturing site transfer, with Akorn, Inc. to develop an intermediate for a generic product, and a Hong Kong based company to develop a branded product for the United States market and its territories
SOPs aren't too hard to create. I've written and edited/reviewed quite a few SOPs for BP. Hardest part is getting everyone within the company's team to agree on the wording. Seeing as Eltp is a relatively small company, the head honchos in charge have a ton of experience, Nasrat is a lawyer, and we have a former FDA member guiding us, I'd say it's pretty easy for them to write a procedure to monitor ADE/ADRs.
-DoctaPharma
Type A meeting and class 1 resubmission * sorry was driving home from work
It's all in relative language. You make it seem horrible, when it's really not a big deal at all. It's like a cop letting you off with a written warning for your inspection. Get your inspection and there's no trouble at all...
Generally it would be a safety issue, but oxy has been around for a long time. All the data is well established from all the formulations, we just need to provide ours for completeness.
Highly doubtful that they said that
Very quickly, within months. Especially if we applied for the Type 1 meeting. The Tmax data gathering and organization thereof would be the shortest part of this process.
IMO you should grab your sub 20's while you can, when we break again ELTP is not going back to the teens. We only dropped back because of the Warning Letter that everyone tried to negatively hype. I see it as a good thing since the FDA is making sure we can collect ADE's for our new drugs that are waiting site transfer, and OH APPROVAL OF ELI-200/SequestOX.
Side Note
Did some DD myself and talked to a few of my Pharma connects at GSK and TEVA, about how big of a deal the CRL was, over the past few weeks. What I came up with, is a relatively cheap study, far under 5 mil would suffice to give the FDA the Tmax data. Additionally, it has come to my understanding that this study is only needed for the FDA to verify and check we have upper and lower limit data on the Tmax with and without a fatty meal and that it is not a true safety issue. We give them the data, and we will get approval.
Finally, it is quite intriguing that all of my connects have heard about ELTP and it's technology. Very interesting.
My avg cost is almost on par with the share price now with all the averaging I've done. I am excited for the increased reward potential with my newfound share structure and price avg ;).
GO ELTP Long and Strong.
Yes I agree, for a load up, then back up. .0008 was very hard to break the other day when it was below it, so not sure we will touch .0007, but if that close--->open is classified as a Gap, then maybe.
.....from L2.....
CANT moved down to .0001 and CDEL hopped down to .001 again. I think its coming soon.
Thank you sir. Everyone else that was on my side just a few days ago, is treating me like I'm a basher haha. I am being real, and still have the utmost positive view on this stock, by saying we will dip and go.
Golden Cross with 50+200 day SMA coming soon, so MM's need to load, plain and simple. Gimme my 9's!
You may not, but at least other investors and potential investors have some reason to ride with. Yes I do believe it will have a nice return from here, so I am not bashing at all. I just believe she will go lower before she goes back up.
I'm stating he is a safety net for the other MMs, not we will go to .0001.
We will test the support though, IMO, and that is at .0008. Just you wait. Every time CANT moves his bid and ask, we make a significant move. I have L2 saved on my comp for the past 3 weeks. Every time he shifts, we move.
By the way... did you see the L2 shift?
CANT moved down to .0001 Bid. He is the absolute lowest and highest the stock will be allowed to go by the MMs until they reformulate their algorithms. IMO, in other words, his bid and ask can be seen as the Upper and Lower limit of the stock for intraday trading.
IMO looks like my thoughts will come to fruition once more.
I'm not bashing here sir. Just saying what I think will occur. I think the shorts are out today and we will glance the 8's. We already touched the 10's so we will see.
Not sure if a close at .0007 and open at .0008 is a gap at these levels, but if it is, then we will touch .0007 as well. 8 is a very strong support here, so maybe it won't touch 7's regardless. We will see.
Selling some 7's was just to get back my core investment. The 16's was all profit taking. The smart investor minimizes risk, while maximizing the upside. That was my play.
I called both peaks we have had so far spot on. We will have another soon, just have to wait for the MMs to load up at a low point. Sure 10 may be the low, but I think she has a dip to glance the 8's, hence my 9 order.
I don't believe so. L2 looks to me as they will be playing this range until they exhausted interest and then give her a final push down, before going back up.
I've only been right about this stock 3 times ;) , but who knows, maybe I will be wrong this time.
Waiting on those .0009s to print. 8 is a much stronger support than 10 IMO.
The 10 support, is more of a psychological-based support, rather than a chart-based support.
Gimme those shares! I want back in!
Hello All,
Just a little update. I figured we would have a dip, as I predicted Friday, so I sold my remaining shares at .0016. Clay further reinforced this thought in my head with his Short-Attracting-Chart yesterday.
I am however looking to buy back in, once my target is reached. If it does not get reached, then oh well, I still averaged about a 400% return on my shares. So no harm no foul, but I will not be chasing this stock because I believe there still is a good amount of risk with this play.
The 50 day SMA and 200 day SMA are within .0002 of one another now. So, IMO, I suspect that we will have a monstrous move once that occurs here either Thursday or Friday, irrespective of news. News may be the catalyst to the movement, or it may just happen solo. Either way, I believe that another leg up will occur here within a few days.
GLTA. GO SPCL/PIXEL!
That was me, my friend. 71 business days from the 31st of May, is how I calculated it.
IMO
Many people interpreted it as 71 days, hence the growing volume mid August, but I interpret it as business days. I am Hopeful, as I would be ecstatic with a great return on my free shares.